US President Barack Obama has requested more than $60bn (£37bn) from Congress for response, recovery and repairs in the wake of "Superstorm" Sandy.
The White House said the storm was on track to be the second or third most costly storm in US history.
Only Hurricane Katrina in 2005 and Hurricane Andrew in 1992 caused more damage, Jeffrey Zients of the Office of Management and Budget (OMB) wrote in a letter to House Speaker John Boehner.
Sandy has been blamed for more than 120 deaths, and many thousands of people are still unable to live in their flood-damaged homes.
It is expected to face scrutiny in Congress, where many fiscal conservatives are strongly opposed to increases in US federal spending.
Mr Obama's team proposed no spending cuts in conjunction with the funding request, saying the "sudden, urgent, unforeseen and temporary" nature of the disaster made the request allowable under disaster-relief laws.
In the House, one leading Republican committee chairman agreed that Congress bore a responsiblity to fund disaster relief for those affected by the storm.
In New York, organisers of a huge relief concert due to be held at Madison Square Garden on 12 December - called 12.12.12 - announced that the Rolling Stones would join an already glittering line-up.
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